XVS - Pullback & Long

At the price of 11.20 - 11.30, there is an order block shown on the one hour time frame that was recently broken. As price has been bullish for previous weeks, it should be noted that upward momentum is somewhat exhausted at the moment. I believe that price will retrace to the mentioned order block and possibly down further to the 10.50 - 10.75 range. Contingent on which zone we see a bounce, I'll be waiting for confirmation for an entry point.

TP will be 14

Stop loss will be positioned according to entry point.

Will update with SL once buy entry is made.

Yorum:

Entry @ 11.367

SL: 11.1